Blog meant for 4 June 2018 Monday
Dear friends,
Profit booking pushed our markets lower on Friday. However, global cues were very positive on Friday evening in Europe and US.
Hence, our markets might open slightly positive on Monday morning.
Nifty is in Hold zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY – TITAN, VEDANTA, RELIANCE INDUSTRIES, HDFC, ITC
HOLD – ASIAN PAINT, INFOSYS, SBI, HDFC BANK, M&M
WAIT TO SELL – AXIS BANK, YES BANK
JUST BUY – HINDALCO
BUY – MARUTI
SELL – TCS
Long term investors can continue to invest every month regularly.
Many investors are not ‘true’ long term investors. When the markets are going up and stocks are appreciating, they are happy and comfortable. The moment their stocks start falling, they lose confidence, get scared and start doubting their own decisions of investments.
The stock prices in short term move for various reasons such market sentiment such as Election results, news of war, inflation figures etc which may or may not have long term effect on Stock Markets.
However, in the long term, the reason that stock prices appreciate is because of the good performance of the company’s business and its future potential. So, we need to ensure that the companies that we invest in must be improving their business and market share in their sector and as long as there is no major danger of falling sales and profits, the share price will definitely appreciate in the long term even if in the short term the situation is looking gloomy.
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Dr.Bharath Chandra and Rohan